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Global oil markets are out of control: As the Iran War closes week 3, US oil prices are trading at $97/barrel, up +76% since December. Meanwhile, physical oil prices in Oman are up to a RECORD $167/barrel, a +72% PREMIUM. What is happening? Let us explain. (a thread)

JUST IN: Silver crashes under $80, falling over 5% today.

Anthropic just released the most IMPORTANT chart in the AI labor debate. This comes from the company that builds Claude using data from 2 million real conversations. Here’s what it shows. The blue area is every task AI could theoretically do right now. The red area is what people are actually using it for. The gap between them is enormous and that gap is your career runway. Computer programmers are already 75% covered. Customer service reps, data entry workers, financial analysts, they’re next. But here’s what no one is talking about. The mass layoffs haven’t really started. Unemployment for exposed workers hasn’t budged. So what’s actually happening? Companies are closing the front door, hiring for workers aged 22 to 25 in AI exposed jobs has dropped 14%. The most exposed workers aren’t factory workers, they’re college educated, higher earning. 49% of US jobs now have at least a quarter of their tasks inside AI’s reach. That’s up from 36% just one year ago. And the red area on that chart, the real world usage is still a fraction of what’s possible. Every month, it grows a bit. Anthropic built the scoreboard and most people haven’t looked at it yet.

Portfolio Update | Nov 6, 2025 Sold 26 shares of $GOOGL to fund a purchase in $ADBE at $329. Cost basis is now $335 and I own just under 60 shares of it Let's see what happens over the next 1-2 years. But I believe the AI risks SUPER overblown, and it will in fact be a tailwind for Adobe in pretty sure order. The market needs to realize Adobe is a professional / enterprise business with 90%+ revenues coming from people (or employees) who can't live without it Competition is also largely irrelevant because Adobe benefits from network effects, is the standard and at the end of the day the most comprehensive tool for most designers Another thing, since the business is mostly professionals, Pepsi for example, will not be generating AI images and posting them as their Super Bowl commercial ––> and if they do use anything AI-generated, they will likely generate it on top of footage they already recorded. Eg: an AI puddle to a video of a cat walking I believe in due time, sentiment will change, and it will become apparent that Adobe was an AI winner due to the sheer amount of distribution they had this whole time. At this time, I do not have any plans to trim anything more to fund the purchases of Adobe. But I am HYPER bullish on the stock. PS: The $FI LEAPs are not included in this image, but theyre worth about 0.7% of the portfolio. Cheers, and happy investing

BREAKING: Spot silver prices post massive reversal, falling -7% in under 2 hours, now nearing $88/oz. Gold prices just fell by nearly -$100/oz in one hour.